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RTI

"We are delighted to combine our company with RTI. Its existing capabilities, financial strength, strong market presence and global footprint make it the perfect partner for Directed Manufacturing to continue and accelerate our progress as we move forward together"

PITTSBURGH--(BUSINESS WIRE)--RTI International Metals, Inc. (NYSE:RTI) announced today it has
acquired Directed Manufacturing, Inc., a leader in Additive
Manufacturing of metals and plastics for both commercial production and
engineering development applications, for $23 million in cash. The
transaction is expected to enhance RTI’s ability to deliver advanced,
cost-effective titanium and other advanced material solutions to
customers in aerospace, medical device and other markets.

Based in Austin, TX, Directed Manufacturing, which will do business as
RTI Directed Manufacturing, Inc., becomes the flagship organization in
RTI’s Advanced Additive product line. It produces complex products using
titanium, nickel-chromium alloys and other specialty metals and
composite plastics. The specific Additive Manufacturing or “3D Printing”
technologies used by the company include Direct Metal Laser Sintering
and Plastic Laser Sintering systems.

Directed Manufacturing currently manufactures products that include
aerospace airfoils, rakes, guide vanes and injection nozzles, complex
fasteners, surgical tools, medical implants, injection mold inserts and
many others. It is one of the few companies in the fast-growing Additive
Manufacturing field with commercial production experience in both metals
and plastics. The company’s customers include a number of major
aerospace industry prime contractors and suppliers.

“We are very excited to welcome Directed Manufacturing to RTI. We
believe its technology, track record of profitable commercial
production, proven quality, performance and base of established
customers immediately puts RTI at the forefront of Additive
Manufacturing and 3D Printing – the technology that is rapidly expanding
it’s influence on global manufacturing,” Dawne S. Hickton, Vice Chair,
President and CEO of RTI, said.

“The growth potential for Additive Manufacturing solutions in RTI’s and
Directed Manufacturing’s markets is truly exceptional. We look forward
to maximizing the commercial opportunities that the new capabilities of
our latest acquisition will generate, particularly on the most advanced
new commercial aircraft and engine platforms, as well as medical device
applications,” Ms. Hickton added. “We are also anxious to pursue
opportunities with businesses in other market segments that are seeking
the cost effectiveness of near-net-shape production that Directed
Manufacturing’s 3D Printing capability delivers.”

“We are delighted to combine our company with RTI. Its existing
capabilities, financial strength, strong market presence and global
footprint make it the perfect partner for Directed Manufacturing to
continue and accelerate our progress as we move forward together,” Alex
Fima, Founder of Directed Manufacturing, said.

The acquisition builds on more than two years of RTI research,
development and other participation in the field of Additive
Manufacturing as part of its strategic plan. These activities include
collaboration with a major commercial aerospace OEM on prototype powder
metal parts for advanced design aircraft. RTI is also a founding sponsor
of the National Additive Manufacturing Innovation Institute (NAMII) --
recently rebranded “America Makes” -- a joint effort of the federal
government and industry based in Youngstown, OH.

RTI International Metals, Inc., is a leading vertically integrated
global supplier of advanced titanium and specialty metal products and
services to commercial aerospace, defense, energy, medical device and
other customers. For more than 60 years, RTI has been taking titanium
further through advanced manufacturing, engineering, machining, and
forming processes. RTI delivers titanium mill products, extruded shapes,
formed and highly engineered precision-machined parts and components
through our downstream integrated supply chain.

Headquartered in Pittsburgh, PA, RTI has locations in the United States,
Canada, Europe, and Asia. To learn more about RTI International Metals,
Inc., visit our website at www.rtiintl.com.

RTI Forward-Looking Statement

All statements in this release relating to matters that are not
historical facts are forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. These
forward-looking statements are subject to risks and uncertainties that
could cause actual results to differ from those projected, anticipated
or implied. These risks and uncertainties include, but are not limited
to, global economic and political uncertainties, the concentration of
our revenue within the commercial aerospace and defense industries,
actual build-rates, production schedules and titanium content per
aircraft for commercial and military aerospace programs, the successful
completion and integration of completed and pending acquisitions,
military spending generally and in particular, demand from the Joint
Strike Fighter program, the competitive nature of the markets for
specialty metals, the ability of RTI to obtain adequate raw materials,
the successful completion of RTI’s capital expansion projects, and other
risks and uncertainties described and included in RTI’s filings with the
Securities and Exchange Commission, including its Annual Report on Form
10-K/A for the year ended December 31, 2012, and the exhibits attached
thereto. Actual results can differ materially from those forecasted or
expected. The information contained in this release is qualified by and
should be read in conjunction with the statements and notes filed with
the Securities and Exchange Commission on Forms 10-K and 10-Q, as may be
amended from time to time. The forward-looking statements in this
document are intended to be subject to the safe harbor protection
provided by Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended. RTI
undertakes no obligation to update or revise any forward-looking
statements.